Market Views for 15 October 2009

Hello Friends,

N i f T i e e intra day levels :
Close : 5118
Supports : 5095 / 5075 / 5050
Resistances : 5151 / 5171 / 5191

As updated in our previous Newsletters that once Nifty closes above 5015 levels we may see fresh buying in markets & since last 2 days we are witnessing the same thing as once 5015 was crossed on daily charts we saw fresh buying as well as huge short covering.

2 day markets may test higher resistance levels as Global markets are supportive like Dow crossed & closed above 10000 mark, Hangsang Crossing 22000 mark & so on. So now will Sensex cross 18000 mark by Diwali ??? At 17200 markets are just 4000 points away from life highs.

Sector specific moves are seen in markets like Auto / Banking / Capital Goods / Metals / Reality stocks are on move while Telecom are laggards due to very bad sentiments. As told earlier there would be re-rating in many sectors / stocks after results & such re-rating would make the PE more comfortable & we may see some rally in the markets due to such re-rating.

Re/$ update : Re close to hit 46 mark as this was our 1st target, read more on our website www.AlliesFin.BlogSpot.com ,

Stocks in News 4 Intraday : Reliance inds, Hdil, Jm Fin, Phoenix Mills, Elecon Engg, Mnm, Tatamotors , Sbi, Hdfc Bank, Lnt , Jindal Steel & Power & so on....

Provisional Fund Flow Figures Rupees Crores for 14 October 2009 :

Fii +1444
Dii -192
Fii(derivatives) +289
Index Futures +339
Index Options +314
Stock Futures -363
Stock Options -1
Fii OI 71k Crores only.

Good Day

Regards,

Allies Financial Services
Mumbai, India
Website : http://www.AlliesFin.BlogSpot.Com/
Email Group : http://Groups.Google.Com/Group/AlliesFin